First & Farmers National Bank, Inc. in city_name, state_name

First & Farmers National Bank, Inc. in Somerset, Kentucky (KY)
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First & Farmers National Bank, Inc. routing number info

First & Farmers National Bank, Inc. - Overview

General
FDIC Certificate #: 2738
Status: Active
Federal Reserve ID: 721949
Bank Holding Company (Regulatory Top Holder): Albany Bancorp, Inc. (RSSDID: 2022444, Location: Albany, KY)
Date Established: October 15, 1903
WWW: http://www.firstandfarmers.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 12 (Domestic: 12, Interstate: No)
OTS Docket #: 9695
FDIC's unique #: 1777
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: June 01, 2010
Last Structure Change Process Date: June 01, 2010
Last Data Update: June 01, 2010
Data Source Date: April 05, 2012
Location
Address: 100 Public Square, Somerset, KY 42501
County: Pulaski
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Elizabethtown
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Southeast
Core Based Statistical Area (CBSA): Somerset, KY (#43700)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $471.0 mil
Equity capital: $61.6 mil
Deposits held in domestic offices: $396.6 mil
Return on assets (ROA): 0.84% ($4.0 mil)
Quarterly return on assets: 0.90% ($4.2 mil)
Return on Equity (ROE): 6.55% ($4.1 mil)
Quarterly return on equity: 6.86% ($4.3 mil)
Net income: $3.9 mil
Quarterly Net income: $1.1 mil
Pretax return on assets: 1.10% ($5,180.8 mil)
Quarterly Pretax return on assets: 1.20% ($5,651.8 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

Dollar figures in thousands
155Total employees (full-time equivalent)
$470,983Total assets
$11,764Cash and due from depository institutions
$0Interest-bearing balances
$154,019Securities
$4,872Federal funds sold & reverse repurchase agreements
$269,147Net loans & leases
$4,805Loan loss allowance
$0Trading account assets
$6,229Bank premises and fixed assets
$473Other real estate owned
$17,451Goodwill and other intangibles
$470,983Life insurance assets
$7,028All other assets
$409,372Total liabilities and capital
$396,636Total liabilities
$322,731Total deposits
$396,636Interest-bearing deposits
$93Deposits held in domestic offices
7447.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$51Trading liabilities
$0Other borrowed funds
$5,238Subordinated debt
$61,611All other liabilities
$61,611Total equity capital
$61,611Total bank equity capital
$0Perpetual preferred stock
$1,200Common stock
$45,850Surplus
$14,561Undivided profits
Memoranda
$0Noncurrent loans and leases
$97Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$5,132Income earned, not collected on loans
$0Earning assets
$3,002Long-term assets (5+ years)
$428,038Average Assets, year-to-date
$227,655Average Assets, quarterly
$462,589Volatile liabilities
$470,570Insider loans
$309,864FHLB advances
$451,200Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$40,207Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$30,787Restructured Loans and leases
$1,330Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$22,105Total interest income
$4,762Total interest expense
$17,343Net interest income
$2,050Provision for loan and lease losses
$3,142Total noninterest income
$0Fiduciary activities
$2,238Service charges on deposit accounts
$0Trading account gains & fees
$904Additional noninterest income
$13,464Total noninterest expense
$7,420Salaries and employee benefits
$1,149Premises and equipment expense
$4,895Additional noninterest expense
$4,971Pre-tax net operating income
$95Securities gains (losses)
$1,177Applicable income taxes
$3,889Income before extraordinary items
$0Extraordinary gains - net
$3,889Net income attributable to bank
$0Net charge-offs
$3,889Cash dividends
$1,286Sale, conversion, retirement of capital stock, net
$2,047Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.31%Yield on earning assets
1.14%Cost of funding earning assets
4.16%Net interest margin
0.75%Noninterest income to earning assets
3.23%Noninterest expense to earning assets
0.82%Net operating income to assets
0.84%Return on assets (ROA)
1.10%Pretax return on assets
6.55%Return on equity (ROE)
3.10%Retained earnings to average equity (YTD only)
0.48%Net charge-offs to loans
159.41%Credit loss provision to net charge-offs
5.46%Efficiency ratio
65,204Assets per employee
3.04%Cash dividends to net income (YTD only)
Condition Ratios (%)
52.64%Loss allowance to loans
1.75%Loss allowance to noncurrent loans
93.63%Noncurrent assets plus other real estate owned to assets
2.46%Noncurrent loans to loans
1.87%Net loans and leases to deposits
67.86%Net loans and leases to core deposits
72.06%Equity capital to assets
13.08%Core capital (leverage) ratio
8.91%Tier 1 risk-based capital ratio
12.98%Total risk-based capital ratio
Memoranda
$14Average assets
$462,589Average earning assets
$59,362Average equity
$416,676Average loans

List of branches

12 Kentucky Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	1777	First & Farmers National Bank, Inc.	100 Public Square, Somerset, KY 42501	October 15, 1903	Full Service Brick and Mortar
1	194032	Drive-In Branch	112 Burksville Street, Columbia, KY 42728	January 04, 1968	Limited Service Facility
2	194033	Wright Drive Branch	701 Wright Drive, Columbia, KY 42728	Febuary 14, 1980	Full Service Brick and Mortar
3	365164	Burkesville Branch	129 N. Main Street, Burkesville, KY 42717	October 12, 2001	Full Service Brick and Mortar
4	5600	200 South Washington Street Branch	200 South Washington Street, Albany, KY 42602	June 01, 1898	Full Service Brick and Mortar
5	218976	Albany Branch	101 Plaza Drive, Albany, KY 42602	January 23, 1997	Full Service Brick and Mortar
7	193996	Burnside Branch	14 French Avenue, Burnside, KY 42519	March 23, 1955	Full Service Brick and Mortar
8	193999	Somerset Plaza Branch	100 Turner Road, Somerset, KY 42503	January 02, 1973	Full Service Brick and Mortar
9	194000	Nancy Branch	9260 Highway 80, Nancy, KY 42544	November 19, 1973	Full Service Brick and Mortar
10	194001	Grand Central Branch	2821 South Highway 27, Somerset, KY 42501	November 13, 1987	Full Service Brick and Mortar
11	471464	224 South Public Square Columbia	224 South Public Square, Columbia, KY 42728	Febuary 16, 2008	Full Service Brick and Mortar
13	496421	Somerset North Main Street Branch	527 North Main Street, Somerset, KY 42501	October 22, 2009	Full Service Brick and Mortar

First & Farmers National Bank, Inc. in Somerset, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

First & Farmers National Bank, Inc. - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First & Farmers National Bank, Inc. in Somerset, Kentucky (KY)Overview, Financial Summary, Detailed Financial Reports, Branches

First & Farmers National Bank, Inc. - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First & Farmers National Bank, Inc. in Somerset, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches